Reopens

• Stocks surged following the reopening of the Strait of Hormuz amid a 10-day Israel-Lebanon ceasefire and President Donald Trump's blockade measures, signaling reduced energy supply constraints. • The market reaction reflects investor optimism over improved shipping lanes and normalized energy flows, with financial commentators attributing the gains to Trump's diplomatic efforts. • The reopening of this critical global shipping chokepoint addresses a major source of market volatility tied to Middle East tensions.

Resumption of diplomatic operations come three months after former president Maduro was abducted Sign up for the Breaking News US email to get newsletter alerts in your inboxThe US government is resuming operations at its embassy in Venezuela, the state department announced on Monday, nearly three months since former president Nicolás Maduro was abducted from the country and locked up in the US.The resumption of US diplomatic operations in Venezuela marks a significant step in the US-Venezuela relationship, as the Trump administration begins to work closely with the government of Delcy Rodríguez, the acting president who replaced Maduro after his forcible ousting by US troops. Rodríguez was Maduro’s vice-president. Continue reading...

• The Trump administration reopened the US embassy in Caracas on Saturday, marking the first diplomatic presence since 2019, with the American flag raised as part of resumed diplomatic relations with Venezuela. • The embassy reopening follows a deadly US military strike in early January that led to the abduction of Venezuelan President Nicolás Maduro and his wife Celia Flores, a dramatic shift in bilateral relations. • The diplomatic resumption represents a significant policy reversal in the Trump administration's approach to Venezuela after years of sanctions and confrontational posturing.